While many hydrogen projects face suspensions globally, Japan's commitment to clean hydrogen remains strong. Japanese megabank SMBC's group chief sustainability officer emphasized the importance of hydrogen due to its potential applications in multiple sectors like power, mobility, chemical, and steel. Japan's energy plan aims to use hydrogen and ammonia to decarbonize its power segment by 2040, with a significant portion of electricity needs being met by these sources. SMBC has been actively promoting hydrogen initiatives and leads a fund dedicated to developing a low-carbon hydrogen supply chain. However, analysts warn about the higher costs and energy losses associated with hydrogen production, urging countries to prioritize electrification where feasible. The challenges of defining 'low-carbon hydrogen', choosing domestic production sites, and navigating international procurement issues underscore the importance of strict regulations and targeted investments in green hydrogen. This article showcases Japan's dedication to hydrogen despite hurdles, highlighting both the opportunities and complexities in achieving a carbon-neutral future.